Phillips 66 (NYSE:PSX) Shares Bought by Virginia Wealth Management Group Inc.

Virginia Wealth Management Group Inc. lifted its holdings in shares of Phillips 66 (NYSE:PSX) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,313 shares of the oil and gas company’s stock after acquiring an additional 246 shares during the quarter. Phillips 66 accounts for about 2.1% of Virginia Wealth Management Group Inc.’s investment portfolio, making the stock its 26th biggest position. Virginia Wealth Management Group Inc.’s holdings in Phillips 66 were worth $3,454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PSX. Van ECK Associates Corp raised its position in shares of Phillips 66 by 263.3% in the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after purchasing an additional 60,355 shares in the last quarter. Everence Capital Management Inc. bought a new position in Phillips 66 during the 4th quarter valued at $3,033,000. Donoghue Forlines LLC acquired a new position in Phillips 66 during the 4th quarter worth $1,438,000. Mizuho Securities USA LLC increased its position in shares of Phillips 66 by 7,549.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after purchasing an additional 2,467,316 shares during the last quarter. Finally, Annex Advisory Services LLC raised its stake in shares of Phillips 66 by 25.7% in the 4th quarter. Annex Advisory Services LLC now owns 162,922 shares of the oil and gas company’s stock valued at $18,562,000 after purchasing an additional 33,290 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Up 4.8 %

PSX opened at $123.58 on Wednesday. The stock’s 50 day moving average price is $120.23 and its 200 day moving average price is $128.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The stock has a market cap of $51.04 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.89 and a beta of 1.37. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period last year, the business earned $3.09 EPS. As a group, research analysts predict that Phillips 66 will post 7.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PSX has been the subject of a number of research reports. Scotiabank lowered their price objective on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. UBS Group lowered their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Bank of America initiated coverage on Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective on the stock. Barclays dropped their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Phillips 66 has an average rating of “Moderate Buy” and an average target price of $148.00.

Phillips 66 Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.